Question

explain the variation in demand​

Answer 1

Answer:

Variation in demand refers to changes in demand due to changes in price alone other factors remaining constant.

Explanation:

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Answer 2

The demand for a product is never started but keeps on changing.

• The law of demand states that other factors remaining constant the demand of a product would increase if the price would decrease and the demand of a product would decrease if the price of the product increases. This is a very basic and easy-to-understand law.
• However the other factors also affects the demand of a product.

• The taste and preference of the consumer the income level of the consumer and the propensity to consume also affects the demand of a product.